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Capital Gain Bond
| Bond | RECL | NHAI |
|---|---|---|
| Coupon/Interest rate/Yield | 6% | 6% |
| Rating | AAA / Stable (CRISIL) | AAA / Stable (CRISIL) |
| Tax Status | Tax Status | Taxable |
| Tax Benefit | SEC 54 EC | SEC 54 EC |
| Minimum (Rs.) | 10,000 | 10,000 |
| Maximum (Rs.) | 50 Lakhs in a Financial Year across RECL & NHAI | 50 Lakhs in a Financial Year across RECL & NHAI |
| Tenor | 3 Years | 3 Years |
| Interest Date | 30th June | 1st April |
| Put/Call/Premature Encashment | Bullet repayment at the time of Maturity | Bullet repayment at the time of Maturity |
| Mode Of Interest | Annual | Annual |
As per provisions of Income Tax Act, 1961, any long term capital gains arising from transfer of any capital asset would be exempt from tax under section 54EC of the Act if:
- The entire capital gain realized is invested within 6 months of the date of transfer in eligible bonds
- Such investment is held for 3 years
- To avail of capital gain exemption, the bonds so acquired cannot be transferred or converted into money or any loan or advance can be taken on security of such bond within 3 years from date of acquisition else, the benefit would be withdrawn
- If the amount invested in bonds is less than the capital gains realized, only proportionate capital gains would be exempt from tax.
Which bonds are eligible under the Section 54 EC?
The eligible bonds under Section 54 EC are RECL (Rural Electrification Corporation Ltd) and NHAI (National Highways Authority of India).
The eligible bonds under Section 54 EC are RECL (Rural Electrification Corporation Ltd) and NHAI (National Highways Authority of India).
What is the maximum investment limit for the Section 54 EC- Capital Gain Bonds?
The maximum investment limit amount is Rs. 50 Lakhs.
The maximum investment limit amount is Rs. 50 Lakhs.
What is the rate of interest for these bonds?
The interest rate on these bonds is 6% per annum.
The interest rate on these bonds is 6% per annum.
Can I claim exemption under exemption under 54C with the exemption 54 and 54EC?
Yes, you can claim exemption under 54C with the exemption 54 and 54EC.
Yes, you can claim exemption under 54C with the exemption 54 and 54EC.
What is the block period for the investment?
The block period for the investment of these two companies is 3 years.
Have more questions, check our FAQs SectionThe block period for the investment of these two companies is 3 years.
Why choose this product?
Get tax exemption on capital gain Maximum investment limit of up to Rs. 50 Lakhs in a Financial Year across the two available Bonds6% interest per annum100% risk free payment.
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